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04 Jun

European Lithium to build lithium hydroxide plant in Saudi Arabia

Europe is set to lose a proposed lithium hydroxide plant to Saudi Arabia, as Australia-listed European Lithium (EUR) signs a binding term sheet to process Austrian spodumene in the Middle Eastern country. EUR announced on 2 June a binding term sheet with Obeikan Investment Group to build and operate a lithium hydroxide plant in Saudi Arabia through a 50-50 joint venture. The new facility will have exclusive rights to the spodumene concentrate produced at EUR&rsqu…
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